Wealthy hospitals have a cushion to weather coronavirus crisis that safety-net facilities don’t

Cancellations of nonessential surgeries come with the coronavirus patients


Inova Health System, located  in some of the wealthiest suburbs of Washington, D.C., and Truman Medical Centers, a safety-net hospital in downtown Kansas City, Missouri, are confronting the same financial issues, according to an article on the Kaiser Health News website.

But Truman has less than a month’s worth of cash reserves  while Inova has enough money to operate for at least 21 months.

“At the end of the day, not all hospitals are created equal,” Charlie Shields, Truman’s president and CEO, said in the article. “If you were sitting on a year of … cash on hand, that would not be as challenging, but most safety-net hospitals are south of 25 days, and we’re probably around 10. How do you manage through that?”

However,  Dr. J. Stephen Jones, Inova’s president and CEO, said, “Our finances are a mess at this point,” with the system postponing non-urgent treatments and eliminating 427 administration and management positions. “This is an existential threat to every health care organization, no matter how strong they come into it,” said Jones, who cut his own salary by 25%.

Read the article.



May 14, 2020


Topic Area: Maintenance and Operations


Recent Posts

Designing for Caregiver-Centered Support Spaces

When healthcare environments are designed to meet the needs of caregivers and patients, everyone who relies on the system experiences better outcomes.


Novant Health Gets Approval for Wesley Chapel Medical Center

The 32-bed hospital will be located in Monroe and is expected to be completed in 2030.


Rocky Mountain Associated Physicians Falls Victim to Data Breach

On February 2, 2026, Rocky Mountain confirmed that certain patient information may have been compromised because of a data security incident. 


The Disconnect Between EVS and Clinical Teams

A recent study shows that EVS feels disconnected from the clinical community, leading to negative experiences. 


Nemours Children's Hospital Opens Institute for Maternal Fetal Health in Delaware

The Institute for Maternal Fetal Health represents a comprehensive approach to supporting expectant patients who receive a complex diagnosis during pregnancy.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.